Guatemala, coffee producers reported that the local cash market is almost paralyzed

13 de março de 2011 | Sem comentários English Geral

In related news, in Guatemala, coffee producers reported that the local cash market is almost paralyzed as exporters have stopped purchases due to the lack of liquidity. In Colombia, a
similar situation has slowed down the business, it was reported by Reuters.

Colombia: exports as of feb were 1.5 mi bags; 33% above same period last year. good
weather has been reported for main crop development. exchange rate slightly stronger than last week at 1875.

Mexico: coffee flow has been good and so has the quality for this diminished crop. diffs are still under pressure as long as demand continues to be weak.

Guatemala : exports as per march were 1.0 mio bags; 2.7% lower compared to 09/10 crop.arrivals of parchment into exporters’ warehouses slowing down considerably. demand has
dried up at current ice levels, seeing only some forward covering at steady differentials.

Honduras: exports registered are 57% above the estimates as of march. only 5% of the crop is estimated to be unsold and some of this coffee might be of doubtful quality, demand
remains very volatile.

El Salvador: harvest has finished.1.4 mio bags have been registered and there is no coffee left. good weather and rainfalls all over the country are making coffee trees start flowering.

Peru: diffs have been reported under pressure, but reality is that coffee flow is still very small,prices are being fished for, but not much biz is concluded yet

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